346 Timpany Blvd - Fast Food FOR SALE


Gardner, MA 01440
$2,000,000 USD
310-853-1419
346 Timpany Blvd, Gardner, MA for Sale
$2,000,000 USD
Fast Food - FOR SALE
1/5
null | 5.25% Cap Rate

346 Timpany Blvd
Gardner, MA 01440


HIGHLIGHTS

  • Brand-new 2024 construction with drive-thru – 10-year corporate lease with 10+ years remaining
  • Attractive 10% rental increases every 5 years – a reliable hedge against inflation
  • Corporate guarantee – Chipotle Mexican Grill, Inc. – over 3,800 locations across 6 countries
  • Highly accessible price point – low rent relative to Chipotle averages, ideal for 1031 exchange buyers
  • Pandemic, recession & e-commerce resistant tenant – nationally recognized category leader
  • Destination retail setting – outparcel to ALDI, Tractor Supply Co., Five Below, and Dollar Tree–anchored shopping center

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the singletenant Chipotle Mexican Grill investment property located at 346 Timpany Blvd, Gardner, MA. The property features brand new 2024 construction, including a drive-thru with a new 10-year lease. With 10% rental increases every 5 years, this investment provides a hedge against inflation throughout the term of the lease with a corporate guarantee. Chipotle currently has over 3,800 locations in 6 countries and continues to grow. As a pad to an ALDI, Tractor Supply, Five Below, and Dollar Tree anchored shopping center, the asset benefits from being situated in a destination location. Priced at only $2,000,000, this asset is ideal for a 1031 exchange buyer. With a highway adjacent location on a main retail arterial in the trade area, this asset offers a long-term passive investment opportunity with a strong guarantee and a growing income stream for a new owner. In Cooperation With Sands Investment Group Massachusetts, LLC - Lic. #424071-RE-LC BoR: Tom Gorman - Lic. MA #1000609-RB

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$868 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill - Gardner, MA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

280

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,671 SF

ZONING

-

APN/PARCEL ID

GARD-000017R-000021-000009

ASK ABOUT THIS PROPERTY

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel HoogestegerSands Investment Group Santa Monica, LLCMore Info
310-853-1419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.